Gold prices dipped on Monday as the dollar held firm, while investors awaited economic data and comments from Federal Reserve officials for further cues on the trajectory of U.S. interest rates. Spot gold was down 0.4% at $2,402.82 per ounce, as of 0653 GMT. U.S. gold futures were down 0.5% at $2,408.50. The dollar rose on safety bids after an attempted assassination of Donald Trump, which raised the odds of his winning the U.S. elections in November. A stronger dollar makes gold more expensive for holders of other currencies. “I’m not convinced a Trump victory or loss directly links to a binary outcome for gold’s direction in the same way Fed policy expectations have been. But, if Trump stirs up trade wars, then you’d think it builds a good case for gold to perform well under his presidency,” said City Index senior analyst Matt Simpson.
In a dramatic turn of events, top leadership of Pakistan Tehreek-e-Insaf (PTI) has reached…
As PTI convoys from across the country kept on marching Islamabad for the party's much-touted…
Prime Minister Shahbaz Sharif has instructed the speakers of the national assembly and Punjab's provincial…
Following the government's efforts to ease tensions in Kurram, a ceasefire was agreed between the…
In a worrying development, Pakistan's poliovirus tally has reached 55 after three more children were…
Leave a Comment